Business Development Articles, Stories & News

By utilizing this new wave of customer engagement and predictive insights technologies, OEMs can improve efficiency, customer satisfaction, and profitability without disrupting existing processes and workflows

After years of focusing on supply chain and operational initiatives, OEMs are now turning their sights to aftermarket growth. In fact, a recent TSC survey shows that for 46% of service leaders, Service Revenue will be the top initiative for 2018.

Last year, I wrote about the Common Mistakes That Growing Manufacturers Make (June 2017). Well, here are a few more examples of how manufacturers can avoid serious problems and reduce risks, costs, and streamline their business processes.

Fully connected machines eliminate the need for post-production stress tests. The end users locations becomes the test environment. The varying use cases of each deployment create variations in the testing.

With off shoring trend reversing in most countries, on shoring with smart plants are becoming increasingly popular choice. Comparesoft studied the key reasons why manufacturers are adopting cognitive and predictive maintenance strategies in their smart plants.

The MFG Token provides the incentive for precision parts suppliers to be more responsive to RFQ's (Requests for Quotes) initially on SyncFab ultimately on the Smart Manufacturing Smart Contract compatible blockchain.

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